TAMPA, Fla.(February 11, 2019) — Gas prices around the United States rose an average of 2 cents, during the past week. The national average price for regular unleaded is $2.28 per gallon.

"Drivers continue to find gas prices that are well below what they paid this time last year," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Low oil prices have helped keep gas prices relatively low, so far this year. However, prices should bounce higher this spring, as demand climbs and refineries switch to a more expensive-to-produce summer-blend gasoline. AAA forecasts the national average to peak around $2.75 per gallon by Memorial Day weekend."

Crude oil prices trended lower last week. The US benchmark WTI settled at $52.64 per barrel on Friday - $2.62 per barrel less than the week before. This was the first weekly decline in crude oil prices in five weeks. Concerns reemerged late last week, that the ongoing US-China trade war could slow global demand. This overshadowed optimism in the market that OPEC cuts and sanctions against Venezuela exports are helping to balance global supplies. So far this year, the highest daily settlement of WTI was $55.26 per barrel on February 1.

Regional Gas Prices

Gas prices in Floridaare declining again, after rising 8 cents two weeks ago. Florida gas prices have fallen an average total of 5 cents in the past 10 days. After reaching nearly $2.30 per gallon, the state average is now $2.25/g.

Florida ranks 23rd for most expensive gas prices among all 50 states and the District of Columbia. Despite hovering above $2.20 per gallon during the past 26 days, the state average remains 40 cents less than this time last year.

Gas prices continue holding steady in Georgia. Drivers are paying an average price of $2.14 per gallon - down fractions of a cent from last week. The state average has ranged between $2.14-$2.17 for the past 20 consecutive days.

Georgia ranks 18th for least expensive gas prices among all 50 states and the District of Columbia. Despite averaging 10 cents higher than this year’s low, the state average remains 32 cents less than this time last year.

Gas prices in Michiganare declining, after bouncing an average of 18 cents during the past week. The state average set a new 2019-high of $2.33 per gallon on Thursday, after wholesale gasoline prices surged 17 cents. Since Thursday, the state average has since declined at a rate of 1-cent per day. Michigan drivers are now paying an average of $2.29 per gallon at the pump.

Michigan currently ranks 19th for most expensive gas prices among all 50 states and the District of Columbia. However, pump prices in the state remain 28 cents per gallon less than this time last year.

Drivers in Metro Detroit are paying an average price of $2.27 per gallon. The metro average is 10 cents more than this time last week, and 20 cents more than a month ago. Regardless of the higher price, drivers in Detroit are still paying nearly 30 cents less than this time last year.

Gas prices in Tennesseeare inching lower again, after rising 2 cents last week. Drivers are currently paying an average price of $2.04 per gallon at the pump.

Tennessee ranks 11th for lowest gas prices among all 50 states and the District of Columbia. Gas prices are currently 7 cents higher than the lowest price so far this year. However, drivers in Tennessee are paying 36 cents per gallon less than this time last year.

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.8 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.

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